Growth Of USD/CAD Might Renew

Technical Reports

Trading is neutral for consolidation, but further growth is expected while support 1.3141 keeps. Pivot points are at: (S1) 1.3207; (P) 1.3234; (R1) 1.3282.

Trading above 1.3141 will indicate a short term topping and turn bias to the downside for support 1.3056. Break of 1.3318 will extend the growth from 1.2781 to resistance 1.3385.

The corrective fall from 1.3385 has completed at 1.2781 and whole uptrend from 1.2061 is ready to resume. Overcoming of 1.3385 will aline 61.8% retracement of 1.4689 to 1.2061 at 1.3685. This will be preferred case while support 1.2781 keeps.